Specialty & Fine Chemicals Industry Fluorochemicals Market Size and Analysis, 2020

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Fluorochemicals Market Share, Size, Analysis, Growth, Trends and Forecasts, 2012 to 2020 | Hexa Research According to the new study by Hexa Research, The fluorochemicals market is likely to reach over USD 25 billion by year 2020.The largest market of Flurochemicals was in United States followed by Western Europe which is the Second largest market for Fluorochemical. Fluorite which is the main source of fluorine was estimated to be around $549 million globally, extracting nearby 4.5 million tons per year. With the gradual recovery in Automotive Industry, increasing scope of PTFE application in Asia in industries like construction, cookware, electronics and chemical processing and medical is expected to control fluorochemical demand in upcoming years. Asia Pacific dominated the fluorochemical market demand in 2013, being the largest market for automotive, electronic consumables and chemical processing with 46% of volumes are consumed globally. Asia Pacific’s fluorochemicals market is estimated to hit over USD 11 billion by 2020.Europe and North America are comparatively mature markets which are expected to reach around CAGR of 2.7% and 3 % from 2014 to 2020. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/